Elmore, MN vs Lake Lillian, MN

Elmore, MN and Lake Lillian, MN have a very similar cost of living, with only a 0.3% difference in their overall index. Elmore scores 65 while Lake Lillian scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Elmore is $907/month compared to $765/month in Lake Lillian — a 19% difference. Interestingly, home values tell a different story: while Lake Lillian has cheaper rent, Elmore actually has lower median home values ($45,800 vs $101,000).

Median household income in Elmore is $40,938 compared to $66,071 in Lake Lillian (-38%). While Lake Lillian is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmore spend roughly 26.6% of their income on rent, more than the 13.9% in Lake Lillian.